HelloGold Targets Islamic Investors with Certified Sharia-Compliant Token
Posted: Mon Feb 19, 2018 8:09 pm
Malaysia-based fintech firm HelloGold announced that its gold backed token, GOLDX, has been certified as being compliant with Islamic financial law.
GOLDX is backed by physical investment-grade gold, with each token equals to one gram, which is stored in a vault in Singapore. HelloGold says it never issues a GOLDX token unless it holds its equivalent amount of gold, and to guarantee transparency its records are publicly accessible and verified independently by its vaulting partner.
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Investors can buy GOLDX tokens using cryptocurrencies, including Bitcoin and Ethereum. It provides ... (read more)